UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 20, 2016
PB Bancorp, Inc.
(Exact name of registrant as specified in its charter)
| Maryland | 001-37676 | 47-5150586 | ||
|
(State or Other Jurisdiction of Incorporation) |
(Commission File No.) |
(I.R.S. Employer Identification No.) |
| 40 Main Street, Putnam, Connecticut | 06260 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(860) 928-6501
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c)) |
Item 8.01. Other Events.
On January 20, 2016, the Board of Directors of PB Bancorp, Inc. (the “Company”) declared a quarterly cash dividend on the Company’s common stock of $.025 per share. The dividend will be payable to stockholders of record as of February 3, 2016 and will be paid on February 16, 2016.
A copy of the press release dated January 21, 2016, giving details associated with the dividend is attached as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits: |
| Exhibit No. | Exhibit Description | |
| 99.1 | Press release dated January 21, 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| PB Bancorp, Inc. | |||
| Dated: January 21, 2016 | By: | /s/ Thomas A. Borner | |
| Thomas A. Borner | |||
| President and Chief Executive Officer | |||
Exhibit 99.1
PB Bancorp, Inc.
News Release
January 21, 2016
FOR IMMEDIATE RELEASE
Contact: Thomas A. Borner, President and CEO, PB Bancorp, Inc.
Telephone: (860) 928-6501
PB BANCORP, INC. ANNOUNCES DIVIDEND
PUTNAM, CT – January 21, 2016 – Thomas A. Borner, President and CEO of PB Bancorp, Inc., has announced that the Company’s Board of Directors has declared a quarterly cash dividend on the Company’s common stock of $.025 per share. The dividend will be payable to all stockholders of record as of February 3, 2016, and is scheduled to be paid on February 16, 2016.
"We are pleased to announce the payment of this initial dividend for the newly organized Holding Company" said Mr. Borner. “These are exciting times for Putnam Bank, especially in the wake of the successful completion of the second-step conversion and stock offering. The payment of dividends is one way of providing a return to stockholders who have invested in our community bank. We expect to continue our brand of community banking for years to come in keeping with our tag line; “Together We Make A Difference”, as we have for the last 154 years of service to all of eastern Connecticut”.
PB Bancorp, Inc., headquartered in Putnam, Connecticut, is the parent of Putnam Bank, a state chartered stock savings bank founded in 1862. The Bank offers a wide range of financial services through its eight full-service offices. Putnam Bank also operates a full-service loan center in Putnam, Connecticut. The Bank's deposits are insured by the Federal Deposit Insurance Corporation. PB Bancorp, Inc.’s common stock trades on the NASDAQ Capital Market under the symbol PBBI.
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